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Bitcoin Is Not A Great Store of Value: Yale Professor

Yale Insights interviewed Professor William N. Goetzmann, a teacher of Finance and Management Studies, about the advent of cryptocurrency. The discussion centered around the purpose and value of money. The article says, in part: Bitcoin’s volatility underscores the challenge of establishing the trust needed for a widely useful currency, but the proliferation of cryptocurrencies also shows that traditional, government-backed currencies don’t address everyone’s needs. Goetzmann says as part of a Q&A that Bitcoin isn’t the best store of value because its value is ever-changing. Depending on who you ask, Bitcoin’s volatility is its greatest asset or its worst enemy. Still,